Target ROI for Rockwall and Royse City, TX?

[Corey Slaughter]

I know that in different areas you can expect different returns in cashflow and appreciation. I'm wondering if anyone has some baselines or targets that they shoot for in Royse City and Rockwall, TX. Any input about this is greatly appreciated!

[Steve Sellers]

I own several houses in Rockwall county. 

The big distinguishing factor between Rockwall proper and Royse City is school district. RISD will command a 10-15% MV premium over RCISD, and correspondingly more rental demand. I really am a fan of RISD because it is high quality across DFW in general even relative to the big names in Collin county. Nothing against Royse City, its a matter of strategy, but personally I er on the side of better schools. 

A decent home away from the water in Rockwall should cashflow (unlike Plano and Frisco), look off John King blvd, or parts of Fate. You can get a 3/2 on the MLS that can fetch .8% of MV per month, should net $100-300/mo depending on PM situation. If you can secure a decent discount then you could hit .9-1%. Prop tax ranges from 2.5% in fate to 2.16% in Rockwall city. 2.16% is some of the lowest you'll find in DFW.